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The government is set to sell a stake of up to 10 percent in state-owned miner Coal India on Friday as it seeks to reignite an asset sale programme critical to the pledge to hit fiscal deficit targets by the end of March.The Coal India stake, worth about $3.9 billion at current market prices, will be sold through an auction on stock exchanges, the government said in a statement on Wednesday. It currently ...

US Dlr ends stable against rupee

2015-01-28 18:00:00

The US dollar ended stable against the rupee at 61.41/42 per dollar and the pound sterling finished higher at Rs 93.40/42 per pound at the close of the Interbank Foreign Exchange market today.Following are the Interbank Forex and RBI rates:(In Rs Per Unit) Unit Interbank RBI Reference US Dollar 61.41/42 US Dollar Rs 61.4105 Pound Sterling 93.40/42 Euro Rs 69.8237 Euro 69.72/74 Japanese Yen (100) 52.14/16 ...

Gold rebounds on seasonal demand

2015-01-28 15:00:00

Snapping its two-day losing streak, gold prices today rebounded by Rs 120 to Rs 28,420 per ten grams at the bullion market here on revival of buying by jewellers to meet ongoing wedding season demand even as metal retreated overseas. Silver also recovered by Rs 120 to Rs 39,520 per kg on increased offtake by industrial units and coin makers. Traders said emergence of buying by jewellers and retailers ...
Gold hovered in a tight range near $1,290 an ounce on Wednesday as the focus turned to whether a weaker global economy might push back the timing of an interest rate rise expected this year from the U.S. Federal Reserve.The Federal Open Market Committee is scheduled to release a statement at the end of a two-day policy meeting later on Wednesday and a dovish bias could support gold, a non-interest-bearing ...
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